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34295392
34295391

2512 S SCATTERFIELD RD, ANDERSON, IN 46016 For Sale

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$3,975,000
9 days on market
Updated 9 days ago
Opportunity zone

Wawa | Indianapolis MSA

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,919
Units 1
Cap Rate 5.25%
NOI $208,673
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa
Lease Term 20
Lease Expiration 08/31/2045
Rent Bumps Yes
Year Built 2026
Acreage 3.000
Tenant Credit Corporate Guarantee
Lease Commencement 08/31/2025
Ground Lease Yes

Signalized Intersection | New 20 Yr NNN GL

Investment highlights

INVESTMENT GRADE (FITCH: BBB) NATIONAL CONVENIENCE STORE TENANT WITH 1,175 LOCATIONS

• Wawa has 1,175 stores in 10 states with plans to reach 1,800 stores by 2030.

• The company has plans to build 10 Indiana stores in 2026 and aims to add 8-10 stores per year until reaching 60 stores in the state.

• Wawa has plans to open 160 stores across Indiana, Ohio, and Kentucky over the next five to eight years.

• According to Forbes, Wawa ranked #22 of America’s Largest Private Companies in 2024 and #16 on its Customer Experience All-Stars List in 2025.

• Wawa generated $18.64 Billion in revenue in 2025 which is an increase of nearly $8 Billion from its revenue in 2021.

• Wawa was founded in 1964, has 42,000 employees and is headquartered in Wawa, PA.

20 YEAR ABSOLUTE NNN GROUND LEASE WITH RENTAL INCREASES

• Brand new 20 year ground lease corporately guaranteed by Wawa Inc.

• 5% rent increases every 5 years beginning in year 11 and in each of the six – 5 year options.

• Absolute NNN ground lease with 100% no landlord responsibilities.

• Tenant pays for roof, structure, parking lot, taxes, insurance, and utilities and maintains all aspects of the premises.

• The subject property is under construction and rent commenced on September 30, 2025 and the store is scheduled to open in July 2026.

POSITIONED AT A SIGNALIZED INTERSECTION (30,506 VPD) NEAR INTERSTATE 69 (67,246 VPD)

• Wawa is positioned at the signalized intersection of Highway 9 and Highway 232 with a combined 30,506 vehicles per day.

• There are 2 entry points into the property allowing for cars to enter from Highway 9 or Highway 232 easily.

• 2 miles from an interstate 69 exit supporting 67,246 vehicles per day.

PRIMARY RETAIL CORRIDOR IN ANDERSON, IN

• Wawa is positioned near a Walmart that ranks in the top 5% within the chain in Indiana and is in the top 14% in the country.

• The Lowe’s Home Improvement across the street ranks in the top 24% within the chain in Indiana and is in the top 30% in the country.

• Multiple new retail developments within a 2 miles radius including a new Chick-fil-A, Chipotle, Valvoline, Dutch Bros Coffee, McAlister’s Deli, and Crew Car Wash.

• Strong tenant synergy within the corridor promotes crossover traffic to the subject property.

• Wawa is located 2 miles from a Harrah’s Casino that attracts 3 million visitors per year and has over 660 employees.

• Purdue Polytechnic University (350 Students) is across the street from this Wawa and Anderson University (1,400 Students) is only 3 miles away.

INDIANAPOLIS MSA | CAPITAL OF INDIANA

• Anderson is a county seat and is located 40 miles northeast of downtown Indianapolis and is a part of the MSA.

• Indianapolis is the capital and most populous city in the state of IN and the County Seat of Marion County.

• Indianapolis is the third most populous city in the American Midwest and the 16th most populous city in the U.S.

• Indianapolis anchors the 25th largest economic region in the U.S., based primarily on the sectors of finance and insurance, manufacturing, professional and business services, education and healthcare, government, and wholesale trade.

• The city also has many universities such as Indiana University – Purdue University Indianapolis (IUPUI), which enrolls to more than 30,000

Listing Contacts

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$208,673.00
$17,389.42/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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Additional Information

Name
Julia Evinger
License
IN RB14040143
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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